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(U0) Off Recent Highs *RES 4: 135.340....>

BOBL TECHS
BOBL TECHS: (U0) Off Recent Highs
*RES 4: 135.340 High May 18
*RES 3: 135.228 76.4% projection of the Jun 5 - 15 rally from Jun 17 low
*RES 2: 135.150 50.0% retracement of the May 4 - Jun 10 decline (cont)
*RES 1: 135.080 High Jun 29
*PRICE: 134.840 @ 05:00 BST Jul 1
*SUP 1: 134.727/694 20- and 50-day EMA
*SUP 2: 134.560 Low Jun 24 and key near-term support
*SUP 3: 134.410 Low Jun 17
*SUP 4: 134.210 Low Jun 11
Bobl futures have pulled back from recent highs in what is at this stage
considered a correction. A bullish outlook remains bullish. Last week's gains
confirmed a resumption of the current uptrend and also confirmed a positive
price sequence of higher highs and higher lows. Momentum studies are trending
higher too. The clear break of 134.930, May 22 high opens 135.340 next, May 18
high. Key support is at 134.560, Jun 24 low.

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